Strategy Expands Bitcoin Stash With $100M Purchase, Holdings Near 847,000 BTC
Strategy has further strengthened its position as the world's largest corporate Bitcoin holder, acquiring 1,587 BTC for roughly $100 million between June 8 and June 14, according to a recent regulatory filing. The purchase was completed at an average price of $63,024 per Bitcoin and brings the company's total holdings to 846,842 BTC.
The firm's Bitcoin portfolio, currently valued at approximately $56 billion, was accumulated at an average acquisition cost of $75,656 per coin, representing a total investment of around $64.1 billion including fees and related expenses. With more than 4% of Bitcoin's maximum 21 million supply now under its control, Strategy remains the dominant player among publicly traded Bitcoin treasury companies.
The latest acquisition was financed through the company's ongoing at-the-market (ATM) stock sale program. During the week, Strategy sold more than 1.7 million shares of its Class A stock, raising approximately $209 million. The company disclosed that over $25.7 billion worth of shares remain available for future issuance under the program.
Strategy has also expanded its capital-raising options by increasing the size of several ATM offerings, including additional allocations tied to common shares and preferred stock products. These fundraising mechanisms continue to serve as key tools for financing future Bitcoin purchases.
Executive Chairman Michael Saylor once again hinted at the latest acquisition before the official announcement, sharing one of his signature Bitcoin tracker charts on social media with the message "Still adding dots" — a phrase often interpreted by investors as a signal that another purchase update is imminent.
Meanwhile, the company's preferred stock offering STRC, which pays a variable dividend and was previously a major source of funding for Bitcoin acquisitions, has not contributed to new purchases over the past month. The security has struggled to trade near its intended $100 par value since mid-May. To improve liquidity and attract investors, shareholders recently approved a proposal to increase dividend payment frequency from once a month to twice monthly.
Strategy also reported growth in its cash reserves, which rose to approximately $1.1 billion as of June 14. The increase comes after analysts raised concerns about the firm's liquidity position following a small Bitcoin sale earlier this year. Some market observers argued that a stronger cash reserve could help reassure investors about the company's ability to meet dividend obligations without relying on Bitcoin sales.
Analysts remain divided on the long-term sustainability of Bitcoin treasury strategies. While some argue that selling a small portion of holdings would easily cover dividend payments, others warn that the appeal of such companies depends heavily on maintaining exposure to Bitcoin without reducing reserves. According to market observers, the long-term success of these treasury models will largely depend on Bitcoin's future price performance.
The broader corporate Bitcoin adoption trend continues to accelerate. Nearly 200 publicly traded companies now hold Bitcoin on their balance sheets, with firms such as Coinbase, Riot Platforms, and SpaceX among the largest holders outside Strategy.
Despite maintaining its leadership position, Strategy's stock has faced pressure alongside other Bitcoin treasury firms. Shares ended last week slightly lower and remain down nearly 20% for the year, while Bitcoin posted modest gains over the same period.